Mn Services Vermogensbeheer B.V. Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Mn Services Vermogensbeheer B.V. raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,145 shares of the home improvement retailer’s stock after purchasing an additional 4,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Lowe’s Companies were worth $56,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Apriem Advisors boosted its stake in shares of Lowe’s Companies by 1.0% in the fourth quarter. Apriem Advisors now owns 7,361 shares of the home improvement retailer’s stock valued at $1,817,000 after buying an additional 76 shares in the last quarter. Convergence Financial LLC lifted its holdings in Lowe’s Companies by 2.7% in the fourth quarter. Convergence Financial LLC now owns 7,553 shares of the home improvement retailer’s stock valued at $1,864,000 after acquiring an additional 202 shares during the period. Heritage Investors Management Corp purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth $227,000. Whipplewood Advisors LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth $199,000. Finally, Carlson Capital L.P. purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at about $568,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LOW. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Truist Financial boosted their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. DA Davidson lifted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, Barclays lifted their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Trading Up 2.0 %

Shares of LOW stock opened at $247.16 on Thursday. The company’s fifty day simple moving average is $252.48 and its 200-day simple moving average is $258.86. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a market cap of $139.56 billion, a PE ratio of 20.61, a P/E/G ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.